This week we released the Blue-Chip DeFi Index Perpetual to coincide with the launch of our second trading competition. The freshly minted DeFi index can be traded at 50X and is an exciting new step towards providing innovative new instruments on a decentralized trading platform. We are confident it will help pave the way for more to come.
Why a DeFi Index?
Leverj is a huge believer in the power and growth of DeFi. Our Gluon platform is a revolutionary piece of DeFi infrastructure that makes DeFi work at scale, bringing speed, transparency and massive gas efficiencies to its users.
However given the incredibly dynamic and fractured nature of the DeFi sector, we recognise it hard for traders to pick which assets to trade. This is where basket indices come into their own. As the Index gives you exposure to an entire industry group, risk is spread, and buyers don’t have to scrutinize the attributes of individual tokens. This removes most of the guesswork from the DeFi investment process.
How does it work?
The Perpetual is based off the BNC Blue-Chip DeFi Index which tracks the real-time market performance of the 8 largest DeFi assets. This institutional-grade index product is the first in the world to track DeFi assets across multiple pricing sources at sub-second frequency.
The index tracks a eight-asset basket weighted by free-float market capitalization, capped at 25%. Asset weighting is set at the beginning of each quarter and remains constant throughout the quarter.
Assets currently in the basket this quarter are: Uniswap (UNI), Aave (AAVE), Synthetic Network Token (SNX), SushiSwap (SUSHI), Maker (MKR), Yearn Finance (YFI), Compound (COMP) and Universal Market Access (UMA).
This is just the beginning
Leverj will be adding more Perpetuals in the weeks to come. Our vision for the exchange is that it becomes the single venue for a perpetual trader to come to.
We’ve got our revolutionary DeFi powering technology, we have the exchange application to deliver services, we have launched staking, referral links and liquidity mining to support community participation. The last thing required to have a killer proposition is more great products to trade. So watch this space.
Don’t forget we have our trading competition in play this month as well.
All the details can be found here https://leverj.io/leaderboard.html
Please keep in mind
Before you trade, please make sure you are legally permitted to trade cryptocurrencies, derivatives, and any other instruments offered on this platform from your home jurisdiction.
Nothing in this article constitutes an offer, solicitation, or investment advice. The content is for educational purposes only. Images and screenshots may be from our test environments and do not represent data on the live system.